What is Bull Pennant Silver Trading Chart Pattern?
XAGUSD Trading Identify a Bull Pennant Trading Pattern in XAGUSD Trading
The Best Trading Patterns Tutorial for Beginners - How to Identify & Trade Bull Pennant Silver Trading Chart Pattern
Silver Patterns for Day Trading - Silver Trading Patterns Tutorial PDF
This Bull Pennant patterns charts tutorial explains how to identify xagusd chart patterns - identifying xagusd patterns is the first step when it comes to learning how to silver trade with Bull Pennant xagusd chart patterns in Silver.
Bull Pennant xagusd price patterns commonly form on Silver charts and this xagusd pattern analysis tutorial explains how to trade & analyze silver charts using Bull Pennant xagusd trading chart patterns.
Bull Pennant XAGUSD Trading Chart Pattern
This Bull Pennant xagusd chart pattern forms what looks like a rectangle. The rectangle is formed by two parallel lines that act as support and resistance for xagusd price until the xagusd price breaks out. In general, the Bull Pennant xagusd trading pattern won't be perfectly flat but will be sloping.
The Bull Pennant xagusd pattern is found within a Silver Trading upward silver trend. In this Bull Pennant xagusd pattern is a continuation pattern where the xagusd market retraces slightly, it's therefore a slight retracement with narrow xagusd price action that has a slight downwards tilt. The technical buy point is when xagusd price penetrates the upper line of the Bull Pennant xagusd chart pattern. The flag portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.
The Bull Pennant xagusd pattern occurs at halfway point of a bullish upward silver trend & after a break-out a similar move equivalent to the height of the flagpole is expected.
What's Bull Pennant Silver Trading Chart Pattern?
The Bull Pennant xagusd pattern above was just a resting period as the xagusd trading market gathered strength to break out and move higher. The Bull Pennant xagusd chart pattern silver trading continuation trading signal was completed as a upper line was broken to the up side.
